Hard Rock among suitors for troubled SEG

Making a move: The Star complex, operated by SEG, in Sydney. The bid aims to turn the Australian company into a business less dependent on casino income and more focused on entertainment, restaurants and hotels. — Bloomberg

SYDNEY: Troubled Australian casino operator Star Entertainment Group (SEG) says several suitors have approached the company about possible deals after a newspaper reported that a consortium led by Hard Rock Hotel & Casino made a takeover proposal.

SEG “has received inbound interest from a number of external parties regarding potential transactions”, the Sydney-based company said yesterday.